OpenAI testing AI search product to take fight to Google; Alphabet falls
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Google stock: SearchGPT creates 'a “wall-of-worry” for investors at a minimum': Loop Capital
July 29, 2024 9:13 AM EDTIn a recent note, Loop Capital analysts highlighted concerns surrounding Alphabet (NASDAQ: GOOGL) amidst YouTube's advertising challenges and the emerging competitive threat from OpenAI's SearchGPT prototype.
Maintaining their $170 price target and Hold rating on GOOGL shares, Loop Capital expressed caution despite some positive aspects of Google's financial performance.
Last week's sell-off in GOOGL shares was attributed to weaknesses in YouTube and a miss in Google Network, reflecting a softening... More
